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Fundamental Analysis based on Economics

Analysis similar to the stock market, traders in the foreign exchange market, relying on two forms: technical analysis and fundamental analysis. The same stock technical analysis in the foreign exchange market, through the analysis of charts and indicators. Fundamental analysis is a bit different – at the same time the company financial statement analysis, indicators of the country’s economic report and analysis, there is a large.

In order to analyze how much do you think a country’s currency is worth it, you need to assess the country’s economic situation, in order to be more effective monetary transaction. In this section, we will look at some of the major economic reports to help traders learn the economic situation of a country.

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How to read a currency pair quote

Typically, the new investors in the foreign exchange market are confused about currency price quotes. In this section, we will take a look at the currency quote to see how they work in currency trading.


Read quotes

When you see the currency quotes, you will find that all currency quotes are in pairs – for example, USD / JPY, CAD / JPY. This is because when you buy a currency, you are selling a different. A sample of foreign exchange quotations in U.S. dollars (USD), Japanese Yen (JPY) looks like this:

USD / JPY = 101.30

This is the standard format for the currency pair. In this example, the left side of the slash of the currency (USD) is known as the base currency, the currency in the right (JPY) called the offer or counter currency. Remember, this is very important. The base currency (in this case, the dollar) is always equal to 1 unit (in this case, the U.S. $ 1), and the quoted currency is the equivalent in other currencies (yen).
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More about Currencies

The majority of foreign exchange transactions are mainly concentrated in the world’s major financial centers such as Tokyo, London, New York and Tokyo. The average daily trading volume in these markets is more than $ 2 to $ 3 trillion! Under normal circumstances, a lot by the central banks, hedge funds, institutional investors and large enterprises in the foreign exchange market activity. But success in this market do not depend on you how much – it depends on how well you the basics, you have good judgment, and a lot of hard work and common sense. This section will introduce you to the major currencies on the foreign exchange market.
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Trading Currency

The foreign exchange market (referred to as Forex or FX) is one of the largest, most exciting, one of the fastest growing markets in the rhythm. This seems to be more readily understood, compared with the stock market. Chances are you have tried, when you travel to another country, and exchanged some money.

Traditionally, only large financial institutions, central banks, hedge funds and extremely wealthy people have enough resources to participate in the foreign exchange market. Now, however, with the emergence and spread of the Internet and mainstream computing technology, it is possible for the average investor to buy and sell currencies click of a mouse from the comfort of their homes.
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